Canvas Worldwide Leases 68301 SF Office From NSB Inc. At 2330 Utah Avenue El Segundo
2330 Utah Avenue
Building Size
68,301 SF
Asset Type
Office
Closing
Sep 23, 2025
AI
The property involved in this transaction is an office building located at 2330 Utah Avenue in El Segundo, featuring a total square footage of 68,301. The landlord for this lease is NSB Inc., while the tenant is Canvas Worldwide, represented by brokers from JLL.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2330 Utah Avenue
- Market: El Segundo
- Landlord: NSB Inc.
- Tenant: Paul Woolmington - Canvas Worldwide
- Brokers: Jason Fine & Blake Searles - JLL
- Lease Size: 68,301 SF
- Previous Tenant Size: 36,000 SF in Playa Vista
Jason Fine and Blake Searles from JLL represented Canvas Worldwide in this lease transaction, while NSB Inc. handled the representation on their own as the landlord. The relocation signifies a significant increase in space for Canvas Worldwide from their previous location.
Players
El Segundo Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93